Is Dahlonega, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Dahlonega has remained a Seller's Market.
Key Takeaway
Dahlonega is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dahlonega, GA
How much do homes in Dahlonega, GA cost?
Median Sold Price
$368,500
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Dahlonega have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Dahlonega was $368,500 in May 2024, up 4.7% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $274.9K | $225K | -18.2% |
| 2 Bedrooms | $245K | $280K | +14.3% |
| 3 Bedrooms | $315K | $342.9K | +8.9% |
| 4 Bedrooms | $427.5K | $440K | +2.9% |
| 5+ Bedrooms | $645K | $540K | -16.3% |
Summary: Dahlonega housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.2%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 16.3%.
Median Sold Price Compared To Nearby Cities
| Three Sisters Mountain | $355K | $382.4K | +7.7% |
| Dahlonega | $352K | $368.5K | +4.7% |
Housing Supply in Dahlonega, GA
How many homes are available in Dahlonega, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 160 | 175 | +9.4% |
Summary: The Dahlonega real estate market had 175 homes for sale in May 2024, a 9.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 13 | -13.3% |
| 3 Bedrooms | 80 | 93 | +16.3% |
| 4 Bedrooms | 50 | 50 | 0.0% |
| 5+ Bedrooms | 15 | 19 | +26.7% |
Summary: The Dahlonega housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 13.3%, 3 bedroom homes increased by 16.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 26.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 38 | 31 | -18.4% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dahlonega, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Dahlonega in May 2024, down by 18.4% month-over-month. Of the 30 sold homes, 47% were sold under asking, 13% were sold at asking, and 40% were sold over asking.
Days on Market for Dahlonega, GA
How long does it take to sell a home in Dahlonega, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 20 Days | -30.4% |
Summary: Homes in Dahlonega had an average of 20 days on market in May 2024, down by 30.4% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dahlonega are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 31 homes were sold in Dahlonega; 74% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.